Property Views

[ammonite]

limlim:

ammonite:

I thought he didn’t really say much, did he? Home prices are always a function of supply-demand and he merely repeated the factors in supply. Did I miss something?

Just a warning perhaps..

to warn people not to be mislead by the numbers and go into a buying spree.

the link mentioned something about developer having to pay 15% SD if not sold within 5 yrs or something like that..

That means, if near 5 yrs and not enough buyers, there might be a fire sale? :evil:

But that is already a known fact isn't it?

but ya, maybe to temper the grounds a bit, esp when you take it with the reminder on old HDB flats which I have just realized are priced sky-high at certain places.

[floppy]

limlim:

That means, if near 5 yrs and not enough buyers, there might be a fire sale? :evil:

Developer would just do a \"http://www.straitstimes.com/business/wee-family-buys-all-45-unsold-units-at-the-nassim\".

Commoners like us won't get to see the ends of a fire sale.

[limlim]

floppy:

limlim:

That means, if near 5 yrs and not enough buyers, there might be a fire sale? :evil:

Developer would just do a \"http://www.straitstimes.com/business/wee-family-buys-all-45-unsold-units-at-the-nassim\".

Commoners like us won't get to see the ends of a fire sale.

So how much ABSD did he paid? If nil, time for IRAS to plug the loophole.

Properties not sold to a person must attract NaPSD (Not-a-person stamp Duty).

[floppy]

limlim:

floppy:

[quote=\"limlim\"]

That means, if near 5 yrs and not enough buyers, there might be a fire sale? :evil:

Developer would just do a \"http://www.straitstimes.com/business/wee-family-buys-all-45-unsold-units-at-the-nassim\".

Commoners like us won't get to see the ends of a fire sale.

So how much ABSD did he paid? If nil, time for IRAS to plug the loophole.

Properties not sold to a person must attract NaPSD (Not-a-person stamp Duty).[/quote]ABSD: 10%.
Which is considerably lower than the developer's extension charges under Qualifying Certificate scheme.

Also, local developers (i.e. does not have non-Singaporeans as directors and shareholders) are exempted from the QC Scheme - which means they do not have to develop and complete the site within 5 years after it is bought and
sell all its units within 2 years after completion.

[sunnybaby]

Hi after EC TOP understand we have to sell our flat within 6month . In the event we unable to sell of at 6month what can we do ?

[starlight1968sg]

MathscienceTutor:

Current best buy for EC is Parc Life EC which is near mrt but yet selling lower than all other ECs. They are certain reasons why it is not selling so well. :siam: Pls pm me for more details.

near to mrt is a plus plus, selling lower than other ECs, strange :?

[GinMocca]

sunnybaby:

Hi after EC TOP understand we have to sell our flat within 6month . In the event we unable to sell of at 6month what can we do ?

Check with HDB for the most accurate answer

[GinMocca]

sunnybaby:

Hi after EC TOP understand we have to sell our flat within 6month . In the event we unable to sell of at 6month what can we do ?

Check with HDB for the most accurate answer

[GinMocca]

sunnybaby:

Hi after EC TOP understand we have to sell our flat within 6month . In the event we unable to sell of at 6month what can we do ?

Check with HDB for the most accurate answer

[meinteel]

sunnybaby:

Hi after EC TOP understand we have to sell our flat within 6month . In the event we unable to sell of at 6month what can we do ?

You can appeal to the EC developer to delay the taking over the EC or appeal with HDB for a time extension. Whatever it is, it is a case-by-case basis. Therefore, it is better to market fast, market early.